If you’re going through a difficult divorce and trying to figure out what to do about your unwanted real estate, keep reading this blog post to give you our best suggestions about selling your mobile home while divorcing in Lafayette.
Divorce can be challenging and emotional. Yet, during the difficult situation, you might be like other divorcing couples who own a mobile home and are trying to figure out how to go about selling your mobile home while divorcing in Lafayette. Here are our best strategies and ideas to help you navigate the real estate portion of your divorce as carefully and efficiently as possible.
Mobile Homes In Divorce Can Be Complicated
During a divorce, splitting assets like cash is relatively straightforward, but dividing larger assets like a mobile home can be much more complicated. Unlike liquid assets, a mobile home is valuable because it remains whole, and it typically sits on a fixed piece of land, making it difficult to divide between the two parties.
Since you can’t physically split a mobile home in half, the question becomes: who gets the property? In some cases, one party may be given the option to keep the mobile home, but only if they can afford to buy out the other party’s share—an expense that can feel overwhelming during an already challenging time. This can make the situation even more stressful, as maintaining or selling a mobile home can require substantial financial and emotional investment.
Finding a solution, such as selling the mobile home for cash and splitting the proceeds, can be a quicker and more manageable option during a divorce, helping both parties move on with less hassle.
Here’s How To Split The Real Estate Asset
The best way to split the real estate asset is to sell it:
The property itself might have some expenses incurred during the sales process, or there might be outstanding bills, or there might still be a partial outstanding mortgage on the property. So the two divorcing parties should probably just sell the property and direct their attorneys to apply the money earned from the equity to any outstanding debts.
The remaining amount can then be split between each party, with each party getting an agreed-upon percentage (such as 50/50).
But this begs the question — how do you sell the property?
The Fastest Way To Sell A Divorce Mobile Home
When it comes time to sell, most people think of selling through a real estate agent. Unfortunately, there are a few problems with this:
- the agent will make the owners pay out-of-pocket to fix up the property first — but who pays for that?
- the agent will then list the mobile home, which can take 3-6 months to sell (sometimes longer) — can either party wait that long?
- the agent will then involve both parties in the negotiation with the buyer and there is A LOT of paperwork to shuffle back and forth
This is a costly and time-consuming way to sell and can make the divorce proceedings so much worse.
Fortunately, there’s another way to sell and that’s to sell your mobile home to a real estate buying firm (which is what we do here at Lafayette Mobile Home Buyer). The real estate buying firm will buy your mobile home quickly, for cash, in as-is condition (and as a bonus, there are never any commissions or fees to pay). You don’t have to clean up or fix up the property and the sale can be completed in days, not months, with very little paperwork.
If you’re going through a divorce and want to just be done with it and move on with your life, just reach out to us and tell us about the mobile home you want to sell. We specialize in buying divorce mobile homes and can help you expedite your divorce by buying this mobile home from you.
Click here to enter your information or call our office at 337-508-0795 to tell us about your property.
- Are you worried about repossession?
- Does the mobile home need more repairs than you can make?
- Did you inherit a mobile home you don’t want?
- Are you tired of expensive lot fees?
- Are there bad tenants you can’t get rid of?
- Do you own a mobile home that is sitting vacant?
- Do you have liens on the mobile home?
- Do you need to sell your mobile home fast?
If your mobile home needs a lot of repair before selling and you want to do DIY repairs to your mobile home to save money, we recommend this Book. Also, here are the Best Mobile Home Parts and Supplies we recommend, and the Best Tools for Making Mobile Home Repairs.
No matter why you need to sell your mobile or manufactured home in Lafayette, LA we can help you! Get a cash offer today.
Or if your mobile home needs to be moved. Get a free quote now.
Sell Your Mobile or Manufactured Home on Your Terms
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Our Values…
Return phone calls and close on time.
INTEGRITY: We do what we say we will do. No surprises at closing!
SPEED AND CONVENIENCE: If you need to sell quickly and are willing to take a reduced price for speed and convenience…WE CAN HELP YOU! If you want the total retail value of your home and can wait to sell it…a better option is to get a realtor. Our specialty is speed and a hassle-free buying process!
We get things done! Our team is proactive, anticipating and solving problems.
Place a high premium on transparency and accountability.
RELATIONSHIPS: We value long-term and mutually beneficial relationships with mobile homeowners looking to sell, ancillary service providers, park owners, contractors, and REALTORS®.
COMMUNICATION: We speak respectfully, openly, honestly, and promptly.
PROFESSIONALISM: Our team is focused on our responsibilities to serve homeowners looking to sell professionally.